High R squared, insignificant variables

[RheaMaria]

Hi all,

Am a little new to all of this. I am running an fixed effects panel regression in Eviews 7 but in any form, I am getting completely non-significant independent variables and a high R squared. Correct me if I am wrong, but I am assuming that's due to multicollinearity/serial correlation. As I am new to panel data in eviews I conducted the correlation test on all the independent variable and dropped m3_gdp. However the problem still persists and I am not sure if this means my model is completely wrong or there is something else I can do?

This is for a graded project in university and I really need some help!

I've attached the file in xlxs and eviews 7 file


Would really appreciate your help.

Thanks
Rhea